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Maryland Code, Commercial Law § 12-1109

Current as of December 31, 2021 | Updated by FindLaw Staff

(a) An advertisement for a rental-purchase agreement that refers to or states the dollar amount of any payment and the right to acquire ownership for any 1 specific item shall clearly and conspicuously state, as applicable:

(1) That the transaction advertised is a rental-purchase agreement;

(2) The total cost and the number of payments necessary to acquire ownership;  and

(3) That the consumer acquires no ownership right if the total amount necessary to acquire ownership is not paid.

(b) Any owner, employee, or agent of any medium in which an advertisement appears or through which it is disseminated may not be liable for violations under this section.

(c) The requirements under subsection (a) of this section do not apply to an advertisement that:

(1) Does not refer to or state the amount of any payment;  or

(2) Is published in the yellow pages of a telephone directory or in any similar directory of business.

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Cite this article: FindLaw.com - Maryland Code, Commercial Law § 12-1109 - last updated December 31, 2021 | https://codes.findlaw.com/md/commercial-law/md-code-coml-sect-12-1109.html

Read this complete Maryland Code, Commercial Law § 12-1109 on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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